As the market buzzes with news of Cipla promoters exiting the business through a stake sale and Ahmedabad-based Mehta family-led Torrent Pharmaceuticals racing to acquire its rival, Cipla, an analysis reveals that if the deal were to go through, both companies might need to divest as many as 15 brands to comply with Competition Commission of India (CCI) norms. A recent analysis by Bernstein shows that Cipla and Torrent share a presence in 332 products (based on product and molecule data from market research firm IQVIA). Bernstein analysts Nithya Balasubramanian and Parth Shah noted that, while this may appear as a high number, a significant portion of these products lack significance.
Sure, Roger Binny is the BCCI president, but does anyone dispute that it is Shah Jr who calls the shots in the board?
Sara Ali Khan is living it up in the land of 'Sara and Sydney... and a minute in Melbourne' and giving us a lot of pictures to prove it!
Opener Shubham Rohilla struck his fourth first-class hundred to take Services to 279 for 4 against defending champions Saurashtra
Ravi Shastri said that it was a touching moment for him to get bestowed with the Col CK Nayudu Lifetime Achievement Award.
tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues -- varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent.
The mesmerizing march included elite marching contingents, missiles, warplanes, surveillance gadgets and lethal weapon systems, with French President Emmanuel Macron gracing the occasion as the chief guest.
'A feeling of dissatisfaction had begun to set in because somewhere, I had begun to think of myself as a very good actress. I believed that the flood of offers coming my way did not do justice to my talent or potential.'
Top seed Mukunds crashes out in semi-finals of SKME ITF Open
Raveena Tandon and MM Keeravani recieved the Padma Shri from President Draupadi Murmu.
Dutee Chand had claimed before NADA's Anti-Doping Disciplinary Panel (ADDP) that it was a case of "unintentional consumption".
Narayan Jagadeesan followed up his double ton in the previous game with a magnificent triple century to help Tamil Nadu declare their first innings
Andhra Pradesh, Gujarat and Telangana are among the seven states categorised as top achievers in the ranking of states and Union Territories based on the implementation of the business reform action plan 2020, according to a report released by Finance Minister Nirmala Sitharaman on Thursday. Himachal Pradesh, Uttar Pradesh, Odisha, and Madhya Pradesh are the other states categorised as achievers in the ranking.
An Indian Super League play-off match descended into chaos when the Kerala Blasters walked off the pitch in protest after Bengaluru FC's Sunil Chhetri scored from a quickly-taken free kick on Friday.
Madhya Pradesh created history, beating favourites Mumbai by six wickets to win their maiden Ranji Trophy crown, at the M. Chinnaswamy Stadium in Bengaluru, on Sunday.
Aseem Chhabra lists his favorite 2023 films -- a healthy blend of Bollywood, Hindi indies and some of the best work that is being done in Tamil, Malayalam, Kannada and Bengali cinema.
Aditi Ashok played a steady round of even par 72 to be tied-28th after the second round of the Amundi Evian Championship.
Friendship with Ajit Pawar and the eventual destruction of the NCP can only strengthen him and the BJP.
'We need to find out whether any structural element has got fatigue.' 'We want to increase the lifespan of the bridge.'
A summary of Ranji Trophy matches played on Tuesday
The United States' Department of Defence said that it continues to closely watch developments along the Line of Actual Control at the India-China border and noted that China 'continues to amass forces and build military infrastructure along the so-called LAC'.
A round-up of Day 4 of the Ranji Trophy quarter-finals on Friday.
A summary of Day 2 of the Ranji Trophy quarter-final matches played on Wednesday.
The taxmen provisionally sent orders to attach their properties in Mumbai, New Delhi, Pune, Goa and also over two dozen land parcels across the state with a combined market value of around Rs 1,400 crore
Ekta Kapoor's show Kasautii Zindagii Kay travels to Switzerland.
Parth Pawar, who was publicly censured by the NCP patriarch recently for seeking a CBI probe into the case of Rajput's death, tweeted the remark, which means truth shall prevail, without making any reference to the case.
Prabhsimran Singh and skipper Nitish Rana were at the top of their game, propelling North Zone to a 48-run win over Central Zone
India had stormed into seven out of 10 finals.
Inflation data, both at domestic and global level, interest rate scenario in the US, geopolitical situation and general elections in 2024 are some of the major factors that would influence trading in the equity market this financial year, analysts said. Besides, foreign fund trading activity and global trends will also dictate terms in the equity market going ahead. Equity markets across the globe faced major challenges in FY23 due to concerns over high inflation, which resulted in increase in interest rates around the world, lowering investor sentiment, experts added.
'I think nobody is creating any hurdle into this issue. The case was with the Maharashtra police, who are well-known for their functioning.'
'I cannot afford to go to court. I cannot afford to lose a case. I will fight the Gandhi way -- peacefully, non-violently, and with determination,' Purshottam Chauhan, a resident of the Sabarmati Ashram, tells Rosamma Thomas. Around him, the homes of former neighbours are rubble. About 300 Dalit families resided within the premises of the Sabarmati Ashram till 2021. Only about 40 now remain.
General Officer Commanding-in Chief of the Eastern command, Lieutenant General R P Kalita, however, said the Indian side is also continuously upgrading its infrastructure and capabilities to deal with any situation which may arise along the border.
The collapse of Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank in the US might create temporary liquidity issues but will not have any significant impact on the Indian crypto market in the long run, officials from several exchanges told Business Standard. All three banks are considered crypto-friendly. SVB offered services such as cryptocurrency custody and lending.
Saurashtra look poised to lift their second Ranji Trophy
The engineering and construction (E&C) sector delivered an excellent performance in the last two financial years (FY2021-22 or FY22 and FY23's nine-months) and there's reason to believe that FY24 will also see outperformance. The sector has emerged from the pandemic with stronger balance sheets and more rational cost structures. It has a big order book and it should see new order flows accelerate in FY24.
A video of the incident, which went viral on social media, garnered a sharp reaction from Shiv Sena leader Sanjay Raut, who tweeted saying immediate action must be taken against the woman, as it was the matter of Mumbai police's honour and tagged state Home Minister Anil Deshmukh in the post.
Namrata Thakker peeks into the travel diaries of these celebs.
India has lost 1,059 tigers since 2012 with Madhya Pradesh, which is known as the 'tiger state' of the country, recording the highest number of deaths of striped felines.
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